NIFTY50, SENSEX trade positive in midday session; Varun Beverages, NTPC, L&T, Tata Motors among buzzing stocks

The Indian stock market continues to trade positive in the midday session on Wednesday, July 30. Investors remain cautious amid trade deal talks between India and the US.

Buzzing stocks on July 30: Checklist

Larsen & Toubro shares zoomed nearly 5% to touch an intraday high of ₹3,662 apiece on Wednesday after the company posted strong June quarter earnings on the back of order inflow.

The infrastructure major reported a net profit of ₹3,617 crore in the first quarter of the current financial year (Q1FY26), marking an increase of 30% from ₹2,786 crore in the same period last year.

The Mumbai-based company's revenue from operations advanced 15% to ₹63,679 crore in Q1 from ₹55,120 crore in the year-ago period. The company also registered 16% growth with healthy execution witnessed in its key projects and manufacturing (P&M) portfolio.

The international revenues during the quarter were at ₹32,994 crore, which constituted 52% of the total revenues.

Larsen & Toubro reported stable operational performance as its earnings before interest, taxes, depreciation, and amortisation (EBITDA), also known as operating profit, jumped 12.5% to ₹6,318 crore from ₹5,615 crore in the corresponding period last year.

Last seen, L&T shares were trading 4.74% higher at ₹3,661.3 apiece on the National Stock Exchange. It was the top contributor on the 50-share index in the morning session.

Varun Beverages shares surged over 4% to touch an intraday high of ₹534 apiece on Wednesday, July 30, as analysts shared a positive outlook for the firm following its second-quarter earnings.

The beverage company on Tuesday had reported a 5% increase in its standalone net profit to ₹1,325.4 crore in the second quarter of the calendar year 2025 as compared to ₹1,261.8 crore a year back. The company follows the calendar year as its fiscal year.

Its revenue from operations declined 2.5% to ₹7,017.3 crore in Q2 CY25, compared to ₹7,196.8 crore a year back.

The company's board also approved an interim dividend of ₹0.50 per equity share for CY2025. The record date is August 2, while the payment date is August 5.

Analysts at Goldman Sachs believe the company has a strong potential for good growth. It also said that the firm’s India business saw a 7% YoY decline in volume as the monsoon started early in India.

On Wednesday, shares of Varun Beverages were trading at ₹526.30 apiece on the NSE, rising 2.76%.

Shares of Tata Motors slipped almost 4% to ₹665.25 apiece on the NSE on Wednesday after a report suggested that the auto firm buy Italian truck maker Iveco.

According to The Economic Times report, the auto major is all set to buy Italian truck maker Iveco from its principal shareholder, the Agnelli family, for $4.5 billion. This deal will be the Tata Group’s second-largest acquisition after Corus and the largest ever for the automobile major.

The acquisition and the deal size, according to news reports, are making the Street nervous.

Iveco S.p.A., an acronym for Industrial Vehicles Corporation, is an Italian multinational transport vehicle manufacturing company with headquarters in Turin, Italy. It designs and builds light, medium, and heavy commercial vehicles.

Last seen, shares of Tata Motors were trading at ₹669.3 apiece on NSE, declining 3.33%.

Shares of the state-run insurer, The New India Assurance Company, rose as much as 12% to hit an intraday high of ₹194 on the NSE a day after it reported earnings for the first quarter of the current financial year. At the time of writing, the stock was trading at ₹193.07 apiece, surging 11.27% on NSE.

New India Assurance Company on Tuesday post-market hours reported that its net profit in the April-June period rose 80% to ₹391 crore from ₹217 crore in the same period last year.

Its gross written premium, or the total premiums an insurance company received from policies, advanced 13% to ₹13,334 crore from ₹11,788 crore in the year-ago period.

The company's domestic gross direct premium income grew by 15.27%, and its market share increased to 15.51% from 14.65% during the same period last year.

A day after its June quarter earnings, power generation firm NTPC’s shares gained over 2% to hit an intraday high of ₹342.30 apiece on NSE.

State-owned NTPC on Tuesday said its consolidated net profit increased 11% to ₹6,108.46 crore in the June quarter. The country's largest power generation firm had recorded a net profit of ₹5,506.07 crore in the same quarter of the preceding FY25.

The company's revenues from operations came down to ₹47,065.36 crore in the first quarter from ₹48,528.88 crore in the same period a year ago.

However, other income increased to ₹755.75 crore from ₹452.80 crore year-on-year. Total expenses were at ₹42,539.94 crore as against ₹41,844.18 crore in the corresponding quarter of FY25.

Last seen, the stock was trading at ₹341.15 apiece, rising 1.96% on NSE.

Shares of Bank of India soared 3.5% on Wednesday after the lender reported a 32.2% year-on-year (YoY) increase in its net profit to ₹2,525 crore in the quarter ended June 30, 2025 (Q1FY26). In the corresponding period a year ago, it had clocked a profit of ₹1,703 crore.

Its net interest margin (NIM) contracted to 2.55% in Q1FY26 from 3.07% in the June quarter of FY25.

The bank's asset quality improved both YoY and sequentially, as its gross non-performing assets contracted to 2.92%, compared to 4.62% in Q1FY25 and 3.27% quarter-on-quarter (QoQ). Its net NPA (NNPA) declined to 0.75% in the June FY26 quarter, as against 0.99% in the year-ago period and 0.82% in Q4FY25.

Shares of the bank were trading at ₹115.32 apiece on NSE, gaining 2.81%.

Shares of global engineering, procurement, and construction (EPC) services firm KEC International gained nearly 1% after the company bagged a new order on Wednesday.

In an exchange filing, the Mumbai-based company said it has secured orders across various businesses, including transmission & distribution (T&D), cables & conductors, and transportation.

As of 1:22 pm, the company’s shares were trading 0.77% higher at ₹866.9 apiece on the NSE. However, the stock has declined nearly 5% so far in the last month and also showed a drop of nearly 28% so far this year.

Vimal Kejriwal, MD & CEO, KEC International, said, "Our Transportation business has further strengthened its order book in the prestigious TCAS segment (‘Kavach’) by securing another order aimed at enhancing the safety of Indian Railways through world-class technology.”

With the current orders, KEC’s order intake now stands at over ₹7,000 crore for this year so far.